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NTUC Enterprise to buy Kopitiam: How Kopitiam King Lim Bee Huat built up his empire
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Mr Lim Bee Huat, seen here in an old file photo, started working as a coffee boy when he was nine. Today, his Kopitiam Investment has foodcourts, coffee shops and hawker centres islandwide, including flagship outlet Lau Pa Sat.
ST FILE PHOTO
Ng Jun Sen
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In 1989, Kopitiam founder Lim Bee Huat made headlines when he paid $2.1 million for a coffee shop in Bishan Street 11.
People thought he was crazy for spending so much on a Housing Board coffee shop, but he silenced his critics as he grew his Kopitiam empire by acquiring more coffee shops in Rochor Centre, Victoria Street, Clementi, Whampoa and Toa Payoh.
